Published: 2025-10-15T13:05:27.000Z
Chart USD/JPY Update: Choppy above strong support
2
The anticipated test of support at the 150.92 - 151.10 monthly highs from March-August is giving way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 154.40 | ** | 76.4% ret of Jan-Apr fall | S1 | 150.92/10 | ** | Mar-Aug (m) highs | |
| R3 | 154.00 | ** | congestion | S2 | 150.00 | ** | congestion | |
| R2 | 153.27 | ** | 10 Oct YTD high | S3 | 149.00 | * | congestion | |
| R1 | 152.00 | congestion | S4 | 148.00 | * | break level |
Asterisk denotes strength of level
13:35 BST - The anticipated test of support at the 150.92 - 151.10 monthly highs from March-August is giving way to a bounce, as negative intraday studies turn mixed/positive, with focus back on congestion resistance at 152.00. A break above here cannot be ruled out. But deteriorating daily readings and mixed weekly charts are expected to limit scope in consolidation beneath critical resistance at the 153.27 current year high of 10 October. Meanwhile, a close below 150.92 will add weight to sentiment and open up congestion support at 150.00, where fresh consolidation is expected to appear.